Roku, Inc. $ROKU Shares Purchased by Gateway Investment Advisers LLC

Key Points

• Gateway Investment Advisers LLC increased its stake in Roku, Inc. by 29.0% during Q2, acquiring an additional 4,233 shares, bringing its total to 18,853 shares valued at approximately $1.66 million.
• Roku reported earnings of $0.07 per share for the last quarter, exceeding analyst expectations of a loss, with revenue reaching $1.11 billion, a 14.7% increase year-over-year.
• Insider trading activity included significant sales by CFO Dan Jedda and another insider, with over 392,000 shares sold collectively last quarter, amounting to approximately $37.2 million.

Gateway Investment Advisers LLC boosted its position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 29.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,853 shares of the company's stock after purchasing an additional 4,233 shares during the period. Gateway Investment Advisers LLC's holdings in Roku were worth $1,657,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ROKU. Garde Capital Inc. acquired a new stake in Roku during the 1st quarter valued at $25,000. Banque Transatlantique SA bought a new position in Roku during the 1st quarter valued at $28,000. Beaird Harris Wealth Management LLC bought a new position in Roku during the 1st quarter valued at $30,000. Golden State Wealth Management LLC boosted its stake in Roku by 125.4% during the 1st quarter. Golden State Wealth Management LLC now owns 444 shares of the company's stock valued at $31,000 after acquiring an additional 247 shares during the last quarter. Finally, Princeton Global Asset Management LLC bought a new position in Roku during the 1st quarter valued at $35,000. 86.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Piper Sandler increased their price objective on shares of Roku from $65.00 to $84.00 and gave the company a "neutral" rating in a research note on Thursday, July 10th. JMP Securities increased their price objective on shares of Roku from $110.00 to $145.00 and gave the company a "market outperform" rating in a research note on Monday, September 8th. UBS Group increased their price objective on shares of Roku from $72.00 to $95.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. Pivotal Research increased their price objective on shares of Roku from $100.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Finally, Wedbush reiterated an "outperform" rating and set a $100.00 price objective on shares of Roku in a research note on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $101.33.

Roku Stock Performance

Shares of Roku stock traded up $0.82 during trading hours on Thursday, reaching $99.16. The company's stock had a trading volume of 2,308,727 shares, compared to its average volume of 3,251,230. The stock has a market cap of $14.61 billion, a P/E ratio of -236.10, a price-to-earnings-growth ratio of 13.77 and a beta of 2.05. The company's 50 day simple moving average is $91.74 and its 200 day simple moving average is $78.89. Roku, Inc. has a one year low of $52.43 and a one year high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.23. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. Roku had a negative net margin of 1.40% and a negative return on equity of 2.44%. Roku's quarterly revenue was up 14.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.18) EPS. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, sell-side analysts predict that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Insider Transactions at Roku

In related news, CFO Dan Jedda sold 3,000 shares of Roku stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $94.52, for a total value of $283,560.00. Following the sale, the chief financial officer directly owned 83,420 shares in the company, valued at $7,884,858.40. This trade represents a 3.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $100.00, for a total transaction of $2,500,000.00. Following the completion of the sale, the chief executive officer owned 45,712 shares in the company, valued at approximately $4,571,200. This represents a 35.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 392,025 shares of company stock worth $37,162,358 over the last 90 days. Corporate insiders own 13.98% of the company's stock.

About Roku

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.